Volatile Street: Startups rein in IPO valuation targets
Logistics firm Shadowfax has lowered its IPO valuation to Rs 7,169 crore, down from over Rs 8,000 crore, to attract more investors amidst market volatility. This move follows Amagi Media Labs’ valuation cut. Despite the repricing, Shadowfax’s implied valuation remains higher than its last private valuation, reflecting a cautious market sentiment.🕒 1 min read
Logistics firm Shadowfax has lowered its IPO valuation to Rs 7,169 crore, down from over Rs 8,000 crore, to attract more investors amidst market volatility. This move follows Amagi Media Labs’ valuation cut. Despite the repricing, Shadowfax’s implied valuation remains higher than its last private valuation, reflecting a cautious market sentiment.
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